GBP/USD has been left lacking bullish reversal signals after an Inverted Hammer formation failed to find confirmation. This leaves the immediate risk lower with the potential for push past the 1.6550 barrier to open the March lows at 1.6450.

Several short body candlesticks on the four hour chart denote indecision from traders near intraday support. However, the absence of key reversal formations suggests warrants some skepticism over the potential for an intraday recovery.